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USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
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FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns USDJPY usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpyidea usdjpy1hr usdjpysignal
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trendanalysis chartpattern usdjpy usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpyidea usdjpy1hr usdjpysignal
USDJPY

In 4 hour chart we had half legged doji formation which is a clear signal for further selling of this pair

USDJPY is in downtrend for the past one month. As the JPY is considered as safe heaven asset the number of positions has increased in recent days
108.160 region is a strong resistance zone from this point we can expect further selling of this pair

And the potential take profit will be 103.840

Stop lose may placed above the 108.450 level

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